Reprint
as at 2 April 1985

Coat of Arms of New Zealand

Finance Act 1955

Public Act1955 No 8
Date of assent12 May 1955
Commencement12 May 1955

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

This Act is administered by the Treasury.


An Act to make provision with respect to public finance and other matters

1 Short Title
  • This Act may be cited as the Finance Act 1955.

2 Validating general increases of salaries of government servants
  • (1) Notwithstanding anything to the contrary in the Public Service Act 1912 or in any other enactment, and without limiting any other powers in that behalf, it is hereby declared that there may be paid from money appropriated by Parliament for the payment of salaries and allowances in the nature of salaries to persons employed by the Crown—

    • (a) amounts by way of increase of salary from 30 September 1954, which shall not exceed in any case the sum of 102 pounds 10 shillings a year:

    • (b) amounts by way of increase of salary from 7 November 1954, which shall not exceed in any case the sum of 35 pounds a year.

    (2) This section shall be deemed to have come into force on 1 October 1954.

3 Removing limitation on postal charges for packets containing dutiable goods
  • [Repealed]

    Section 3: repealed, on 1 January 1960, by section 250(1) of the Post Office Act 1959 (1959 No 30).

4 Validating raising of part of loan by Auckland Harbour Bridge Authority
  • Whereas by Order in Council made under the Local Government Loans Board Act 1926 on 1 December 1954 consent was given to the raising by the Auckland Harbour Bridge Authority of the Auckland Harbour Bridge Loan No 3 1954 of 5,002,000 pounds;

    And whereas the Authority has raised as the first part of the loan the sum of 375,000 pounds on and from 13 December 1954;

    And whereas in accordance with the terms, conditions, and stipulations determined by the Local Government Loans Board that part of the loan should have been raised on and from 31 January 1955;

    And whereas it is desirable to validate the raising of that part of the loan:

    Be it therefore enacted as follows:

    The action of the Auckland Harbour Bridge Authority in raising the sum of 375,000 pounds as the first part of the loan on and from 13 December 1954 is hereby validated, and that sum is hereby declared to have been lawfully borrowed.

5 Increasing limit of interest bearing deposits in trustee savings banks
  • [Repealed]

    Section 5: repealed, on 26 October 1956, by section 2(2) of the Trustee Savings Banks Amendment Act 1956 (1956 No 102).

6 Limit to liability of shareholders of National Bank of New Zealand Limited
  • [Repealed]

    Section 6: repealed, on 2 April 1985, by section 8(d) of the National Bank of New Zealand Act 1985 (1985 No 2 (P)).


Contents

  • 1General

  • 2Status of reprints

  • 3How reprints are prepared

  • 4Changes made under section 17C of the Acts and Regulations Publication Act 1989

  • 5List of amendments incorporated in this reprint (most recent first)


Notes
1 General
  • This is a reprint of the Finance Act 1955. The reprint incorporates all the amendments to the Act as at 2 April 1985, as specified in the list of amendments at the end of these notes.

    Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order. For more information, see http://www.pco.parliament.govt.nz/reprints/ .

2 Status of reprints
  • Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment. This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.

    This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

3 How reprints are prepared
  • A number of editorial conventions are followed in the preparation of reprints. For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted. For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.

4 Changes made under section 17C of the Acts and Regulations Publication Act 1989
  • Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice. Changes that would alter the effect of the legislation are not permitted.

    A new format of legislation was introduced on 1 January 2000. Changes to legislative drafting style have also been made since 1997, and are ongoing. To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.

    In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint:

    • omission of unnecessary referential words (such as of this section and of this Act)

    • typeface and type size (Times Roman, generally in 11.5 point)

    • layout of provisions, including:

      • indentation

      • position of section headings (eg, the number and heading now appear above the section)

    • format of definitions (eg, the defined term now appears in bold type, without quotation marks)

    • format of dates (eg, a date formerly expressed as the 1st day of January 1999 is now expressed as 1 January 1999)

    • position of the date of assent (it now appears on the front page of each Act)

    • punctuation (eg, colons are not used after definitions)

    • Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly

    • case and appearance of letters and words, including:

      • format of headings (eg, headings where each word formerly appeared with an initial capital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter)

      • small capital letters in section and subsection references are now capital letters

    • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly

    • running heads (the information that appears at the top of each page)

    • format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chronological).

5 List of amendments incorporated in this reprint (most recent first)
  • National Bank of New Zealand Act 1985 (1985 No 2 (P)): section 8(d)

    Post Office Act 1959 (1959 No 30): section 250(1)

    Trustee Savings Banks Amendment Act 1956 (1956 No 102): section 2(2)